India's Karur Vysya Bank rises most in 1-1/2 month on Q4 profit rise

Karur Vysya Bank

15/05/2023 09:46

** Shares of Karur Vysya Bank Ltd  KARU.NS  rise as much as
3.5% to 99.6 rupees, biggest intraday pct. gain since March 29
    ** Co's March-qtr net profit jumps 58.3% to 3.38 bln rupees
($41.33 mln) aided by a 25.5% rise in interest earned
    ** Co's provisions and contingencies double to 2.93 bln
rupees
    ** Trading volume at ~1.9 mln shares as of 1:50 p.m. IST,
slightly below the 30-day avg of ~2.1 mln shares 
    ** Average rating of 11 analysts covering stock equivalent
to 'buy'; median PT is 132.5 rupees - Refinitiv data
    ** Stock last down ~12% this year, trimming losses of ~15%
up to last close



($1 = 81.7800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))